[13/03 Market Update] Tech Mahindra (+7%) rises on Mohit Joshi’s CEO appointment

Tribe Daily

Mar 13, 2023

Market closes at a 5-month low on global market sell-off triggers

Companies

Tech Mahindra (+7%) rises on Mohit Joshi’s CEO appointment. IndusInd Bank (-7%) falls as MD & CEO gets tenure of 2 years against 3 years asked.

Sectors

Nifty PSU Bank (-3%) & Nifty Pvt Bank (-2%) mirrors global peers.

Market News

1.TCS (-1%) debuts on Forbes list of America’s Best Large Employers.(Money Control)

2.Yes Bank (-5%) stock slides as the 3-Year share lock-in period ends. (NDTV)

3.Mahindra CIE (-8%) tanks after block deal of 6.2% equity (Business Standard)

4.HSBC Buys SVB's U.K. unit for £1 in a deal facilitated by BoE, Government. ( BQ Prime)

5.Currency in circulation at Rs 31.22 lakh cr as of March 2022. (Money Control)

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